MUNICH, GERMANY - SEPTEMBER 09: The Chinese shaper of electrical cars BYD presents its vehicles (EV) connected the opening time of the IAA MOBILITY 2025 automobile just connected September 09, 2025 successful Munich, Germany. The IAA is taking spot arsenic German automakers are seeing profits lag and are struggling to support marketplace stock portion Chinese automakers are making beardown gains, particularly with electrical cars. (Photo by Johannes Simon/Getty Images)
Johannes Simon | Getty Images News | Getty Images
BYD sharply declined successful December from a twelvemonth before, arsenic it closed the curtains connected a volatile twelvemonth for China electrical vehicles amid an assertive terms warfare and anemic home demand.
The institution recorded 414,784 deliveries successful December, down from 474,921 successful November, according to a Friday filing.
The latest speechmaking brings BYD to deed its 2025 income target, which it lowered by 16% to 4.6 million, amid progressively weakening home demand.
The EV behemoth besides remained the wide marketplace leader, delivering much than 4.54 cardinal rider vehicles for 2025 – a 6.94% summation from its 2024 deliveries.
That overshadows Tesla's recorded wholesale deliveries of 735,274 from Model Y and Model 3 vehicles successful China, betwixt January and November, based connected CNBC's calculation of information from the China Passenger Car Association. December numbers person yet to beryllium released.
Affordable models connection borderline
EV startups posted beardown maturation successful 2025, arsenic mass-market models and assertive pricing progressively outperformed premium-focused strategies.
Leapmotor emerged arsenic 1 of the fastest-growing brands, making 596,555 deliveries successful 2025, surpassing its target for the year. The automaker, which marked its 10th day past year, astir doubled its income measurement from 2024 and aims to present 1 cardinal EVs successful 2026.
Xpeng besides posted a crisp increase, delivering 429,445 sales for the twelvemonth – a 126% leap from 2024, the institution said Thursday. The automaker's deliveries peaked successful September and October pursuing the launch of its Mona bid successful September.
Nio posted 326,028 car deliveries successful 2025, signaling a 46.9% year-on-year increase, the institution said successful a Thursday release. About fractional of its deliveries were attributed to Nio's premium namesake brand. The institution besides said successful the merchandise that it had acceptable a grounds successful China for the fastest transportation among EVs priced supra 400,000 yuan ($57,172), with its flagship SUV ES8.
Without specifying its yearly transportation numbers, Xiaomi recorded much than 50,000 income successful December, marking a caller record. According to CNBC calculations of its monthly data, the smartphone shaper made much than 380,000 car deliveries successful 2025.
Li Auto bucks trend
By contrast, Li Auto delivered 406,343 vehicles for the full of 2025, marking a crisp diminution from its record show successful 2024.
The institution delivered 44,246 vehicles successful December, its archetypal monthly full supra 40,000 since May. The latest speechmaking marks a betterment successful maturation since its income were deed by a selling misstep successful September, astir the motorboat of its competitively priced Li i8.
Meanwhile, Huawei-backed Harmony Intelligent Mobility Alliance – which includes brands specified arsenic Aito, Chery, and Maextro – recorded beardown momentum, with astir 589,107 vehicles delivered for 2025, a 32% year-on-year increase.
It clocked 89,611 deliveries successful December, marking the 3rd consecutive period of monthly transportation records, the institution said.
The institution did not specify Aito's transportation figures.
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